There are affordable benefits to renting a house, apartment, condo, or mobile home; you are not responsible for repairs, you can move on after the lease is up and you do not have the added expenses for taxes and home insurance.
Renters Insurance can be affordable, and help is available to find a plan that you can afford. Do not count on your landlord’s home insurance to have coverage for your personal belongings or liabilities in the case of a hurricane, fire, etc.
Renters Insurance covers typically furniture, your TV, stereo, appliances, clothing, personal valuables and liability for injuries. If most of a renter’s belongings were stolen, consider what the cost would be to replace those items. Renters Insurance also covers you in case someone gets injured in your rental. You won’t have to pay their medical bills, nor would you have to pay legal fees if you are sued depending on the policy you choose.
If you cannot live in your rental due to a fire or other damage, you may purchase Additional Living Expense Insurance that can cover your out of pocket living expenses, including hotel charges and meals.
Types Of Personal Property Coverage
Deciding on the amount of your coverage is a very important way to save money. Consider what you can afford though if you do in fact lose everything in a disaster. Would you be better off with a higher deductible and a lower cost policy?
Take Inventory
Once you purchase Renters Insurance, take inventory of your belongings, furniture and everything in your dwelling. Use photographs or a video. Show serial numbers when available, open closets, drawers, your garage and storage areas. Be as detailed as possible. Make copies and save them online, in a safety deposit box or give to a family member or friend to save for you.
When you have Renters Insurance, you’ll feel much more at ease because there’s less worry about the what ifs. You’ve taken the proper steps to cover the contents of your rental. When there’s a lightning storm, remember Florida is the lightning capital of the US, you know your microwave, washer, TV, etc. are covered. When a hurricane or tropical storm is headed your way, you can take the proper precautions for you and your family and not worry about your furniture or computers.
Paying a small amount of money now can save you lots in the end with Renters Insurance. Call us today at 863-453-3903 with any questions, glad to help.
Photo Courtesy of ErikaWittlieb at Pixabay.com
Budget Bi-Rite Insurance, Inc 